Kingdom Capital Advisors Initiated a Position in Apartment Investment and Management Company (AIV) in Q3

Group 1: Kingdom Capital Advisors Performance - Kingdom Capital Advisors reported a portfolio recovery in Q3 2025, achieving a composite return of 20.78% (net of fees), outperforming the Russell 2000 TR (12.39%), S&P 500 TR (8.12%), and NASDAQ 100 TR (9.01%) [1] - Since inception, the portfolio compounded at 21.06% (net of fees), significantly higher than the Russell 2000 TR (4.60%), S&P 500 TR (11.46%), and NASDAQ 100 TR (13.48%) [1] Group 2: Apartment Investment and Management Company (AIV) Overview - Apartment Investment and Management Company (NYSE:AIV) is a diversified real estate company with a one-month return of -1.91% and a 52-week loss of 10.98%, closing at $7.70 per share on October 13, 2025, with a market capitalization of $1.096 billion [2] - Kingdom Capital Advisors initiated a position in AIV during Q3 2025, viewing the sale of Boston multi-family apartment assets as a signal for the company to liquidate remaining properties [3] Group 3: Future Expectations for AIV - Kingdom Capital Advisors expects to recover most invested cash within a few months due to incoming dividends from the Boston sale, proceeds from the Brickell sale, and the anticipated sale of remaining apartment complexes [3] - AIV still owns multi-family units generating approximately $90 million in operating income and has development sites estimated to be worth an additional $6-7 per share [3] Group 4: Hedge Fund Interest in AIV - AIV is not among the 30 most popular stocks among hedge funds, with 26 hedge fund portfolios holding AIV at the end of Q2 2025, an increase from 25 in the previous quarter [4] - While AIV has potential as an investment, certain AI stocks are considered to offer greater upside potential and less downside risk [4]